(Image source: HGS homepage.)
HDI Global Specialty SE (HGS, Hannover, Germany), a global specialty insurer, part of the Talanx Group, and a joint venture of Hannover Re and HDI Global, has selected Sapiens (Holon, Israel) for its core transformation with the implementation of Sapiens IDITSuite.
HGS sought a flexible, customizable solution with minimal need for custom development, according to a Sapiens statement. The company required a modern, graphical user interface compatible with a broad variety of devices and operating systems to support direct business as well as business written by brokers and agencies in the London market, the vendor reports.
“HGS specialist teams are required to provide quick responses and informed support, specifically to tailor-made insurance customer needs, and when we were looking to transform, we had a long list of business requirements we needed to address,” comments said Thomas Stoeckl, CFO, HGS. “Sapiens is providing state-of-the-art functionality that we are seeking to meet our immediate and future needs, while still integrating with existing internal HGS applications.
“With the implementation of IDITSuite, HGS will consolidate its current systems, with a purpose-built solution which supports its business models Stoeckl adds. “We were impressed by the Sapiens team and trust Sapiens with the implementation of this project,” he says.
Significant Competitive Advantage
Sapiens describes the IDITSuite as supporting all core operations and processes for personal, commercial and specialty lines of business. Among its many functionalities, IDITSuite will deliver a responsive UI, powerful structured and text search, semantics of data model and functional API documentation, modular integrated business information functionality in role-based dashboards, and multi-currency capabilities in financial planning (contract, reinsurance and claims), accounting and more, the vendor says. Sapiens adds that the solution suite offers comprehensive functionality such as integrated workflow, task reminder system with links to related documents, and fulfills the latest authority and data protection regulations.
“We are very pleased to partner with HGS on this important transformation that will enable them to achieve significant competitive advantage,” comments Roni Al-Dor, president and CEO, Sapiens. “Together, we will ensure HGS stays ahead of the curve with automation capabilities that will reduce operational costs and allow for better and accelerated underwriting and claims decisions.”